The Hindustan Heavy Electrical closes its account at the end of each month. The following information is available for the month of April:
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5,00,000 |
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Administrative expenses |
40,000 |
Inventory (1 April) :
100 tonne at Rs. 1,000 per tonne 1,00,000
Purchases:
10 April 200 tonne at Rs. 900 per tonne : 1,80,000
20 April 200 tonne at Rs. 800 per tonne : 1,60,000
Inventory (30 April): 100 tonne
Compute the following under FIFO method.
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